Intro to Managing Rist - CIMA

Introduction to Managing risk Topic Gateway Series 1 Prepared by Jasmin Harvey and Technical Information Service Last reviewed February 2008 Introduction to Managing risk Topic Gateway series no. 28 Introduction to Managing risk Topic Gateway Series About Topic Gateways Topic Gateways are intended as a refresher or introduction to topics of interest to CIMA members. They include a basic definition, a brief overview and a fuller explanation of practical application. Finally they signpost some further resources for detailed understanding and research. Topic Gateways are available electronically to CIMA members only in the CPD Centre on the CIMA website, along with a number of electronic resources. About the Technical Information Service CIMA supports its members and students with its Technical Information Service (TIS) for their work and CPD needs.

Managing risk in this context means using management techniques to reduce the probability or impact of the negative event without undue cost. ... The reporting of organizational risks for the internal and external decision makers (Epstein and Rejc 2006). 5. Residual risk reporting .

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